Central Banks
Jusko to step down as head of NBS in December
Marian Jusko, the governor of the National Bank of Slovakia (NBS), has announced that he will leave his post in December of this year, and not July 2005, as originally expected, according to the CTK news agency.
Socialists deny move to allow removal of Jarai
The governing Hungarian Socialist Party (MSZP) categorically denied a report Wednesday by the daily Magyar Nemzet that the party is preparing legal modifications that would allow the removal of Zsigmond Jarai, governor of central bank MNB.
Central bankers get scores in global report
Taiwan's central bank governor Perng Fai-nan's performance isgraded "B" this year, up from last year's "C," according to a report byGlobal Finance magazine scheduled to be released Friday 1 October.
Indonesia acquits former central bank chief
Indonesia's top court has reportedly acquitted the former governor of thecountry's central bank, Bank Indonesia, on all charges relating to a multi million dollar scandal.
New York Fed and BOE plan to publish for-ex data
The New York Fed and a committee involving the Bank of England are preparing to publish global foreign-exchange market data on a regular basis, according to the Wall Street Journal Friday.
Russia plans reduced for-ex intervention
A top bank official said Thursday the Bank of Russia hopes new monetary instruments will allow it to scale down its regular foreign exchange market interventions.
Fed's Bies::challenges for accountancy
In the speech 'Challenges Facing the Accounting Profession Today' given on 28 September Susan Schmidt Bies of the Federal Reserve said the U.S. labour market "looks like it is picking up again," after slowing in June and July.
Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
BIS Triennial Central Bank Survey 2004
The Triennial Central Bank Survey conducted in April 2004 by 52 central banks and monetary authorities and coordinated by the Bank for International Settlements (BIS) was the second comprehensive assessment of foreign exchange and derivatives market…
Norway's Gjedrem: Conduct of monetary policy
In a speech on 'The conduct of monetary policy' given on 28 September, Svein Gjedrem of Norges Bank said growth is high in the Norwegian economy and there are prospects of continued strong growth in petroleum investment in 2005. Employment is rising,…
BOJ winding up the stock purchasing program
The Bank of Japan has said in a statement that it has ended its policy of buying stocks from commercial banks as initially planned.
G7 to discuss oil prices and China
Finance ministers and central bank governors from the Group of Seven industrialised nations will hold a one-day meeting on Friday 1 October in Washington.
Japan on way to sustainable recovery: BOJ's Fukuma
Bank of Japan policy board member Toshikatsu Fukuma said in a speech that growth in Japan this fiscal year will exceed the central bank's 3.1 per cent forecast as the world's second-largest economy moves toward a sustainable recovery.
Fed's Stern plays down consumer debt fears
US consumers are in good financial shape, top Fed official Gary Stern said, rejecting fears that high levels of household debt are unsustainable.
Cyprus to decide on ERM by year end
Cyprus will decide by the end of the year on the timing of its application to join the European exchange rate mechanism (ERM2), according to Finance Minister Makis Keravnos.
Bank of Portugal - Annual Report 2003
The Bank of Portugal has published its Annual Report for the year ended 2003. In 2003 the Portuguese economy went into recession. For the second consecutive year, the growth differential of economic activity between Portugal and the euro area as a whole…
Reviewing US monetary policy in disinflation era
This Bank of Japan Working Paper reviews the experience of US monetary policy from 2000 to shed some light on issues regarding the effectiveness of monetary policy in a low inflation era. Result shows that the observed financial market response to the…
Is the euro good for Europe?
The euro has existed as a currency for over five years now, and notes and coins have been in circulation for over two. This article asks whether the coin of the realm in 12 European countries has accomplished its goals.
Central Bank of Ireland Financial Stability Report
The Central Bank of Ireland has published its first stand-alone Financial Stability Report. The Report focuses on the stability of the Irish financial system with a special emphasis on the banking sector.
ECB's Issing on strengthening economic governance
In a speech given on 28 September, Otmar Issing of the ECB defended the Eurozone's Stability and Growth Pact, saying it was "appropriate in its present form".